Major HIGH fundamental releases on Friday, actually all week envoling major pairs

Exponential cash flow, volume should be high all week, you always have to be carefully the first week of the month before Fridays non-farm numbers, but this week has multiable HIGH volume fundamental releases, more than I've seen in a long time!  Remember to trade with the trend.

Sterling I would say, tested 1.6000 well, hitting 1.6150 friday morning, 11:00 A.M. Going into this week, lets keep it simple!, unless the Fed. raises Rates!!, this Wedensday Sterling will continue to be bullish, well if you want to mid-range target point, 1.6250, why note be technical, anyway support for Sterling:
Support 1.6115, Sterling closed Friday, at 1.6126 Sterling is bullish technical across major long, med & short time frames! An bullish Sterling hits, 1.6194, next level would be 1.6165, then 1.6146.

Sterling not finding support at 1.6115, well it would retrace too 1.6084, next level would be 1.6065 if bear move continues, Sterling could hit, 1.6036 before bullish volume increases.

Euro, I give target point also, if you didn't know Sterling and the Euro Pairs are what you call, "PARALLEL PAIRS", www.createspace.com/3597011 ok, support for bullish Euro: 1.4226, next level would be 1.4202 & then 1.4187....

If Euro doesn't found support at 1.4162, oh!! Euro closed at: 1.4156 Friday so that's close but technically bearish...... ok, next level is 1.4137 if trend continues bearish Euro will hit, 1.4122,  down to a low of 1.4093 before bullish volume returns...

Trade with the trend...
Thank you for your time and have a great day.....
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Sterling testing 1.6000

As of today Tuesday the 25th, support for Sterling is 1.5966 a bullish Sterling hits 1.6072, next level down but still bullish is, 1.6033 weakest bull 1.6007.

If Sterling falls below support of 1.5966 look for support at 1.5925 if Sterling continues to fall, look for Sterling support at 1.5899, lowest bear would be 1.5866.

Bottom line 1.6000 is a major level, nothing like 1.5000!!! but Sterling must hawk!, like the Euro has this year, as well as RBA..

Euro, well support is 1.3898 bullish Euro hits a high of 1.4029 the next Euro bull hits 1.3981 the weakest bull hits, 1.3949...

If Euro's falls below 1.3898 it may bear too, 1.3847 if bear continues look for Euro to hit, 1.3815 weakest level at 1.3767....

HIGH volume fundamental release at 10:00 A.M. est, USD.......

Thank you for your time and have a great day...
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Mix volume today after results of Greenback fundamental this morning 8:30 A.M. est.

Sterling and Euro were bullish today until Greenback fundamentals took over at 8:30 A.M. est and the Sterling falls most of the day, but over all hitting 1.5846 with a low of 1.5702(earlier in the session)for the session.  That a bull move of 144 pips.

Trading with this recession and learning when there wasn't a recession is really a test.  Bottom line, I technically think the Sterling and Euro will recover 100% over the dollar and if you know anything about ecomonics you would agree or your a serious global bear. Still volume is low...

Ok, I'm bullish on Sterling but I have to tell you if your trading, the Euro will be the better option, the pip spread is two pips less in cost, Europeans are in favor of having more than one (Major) currency,(I don't agree) and over the last year they have made a effort to be hawks, by strengthen their currency with positive rate increases!!!....So for the Euro, needs to stay above 1.3788 this is support for a bullish session if this level is support look for sterling to hit 1.3923 before noon, Thursday 20th, est.

Levels below 1.3788, first level of support at 1.3736 if Euro continues to fall look for support at, 1.3702, lowest point should be 1.3653.

Ok, I'm bullish Sterling but, it's not the same since the recession, I would say no rate increases is a major factor!,no hawk in Sterling, which isn't like Sterling of the past!, Sterling buyers must be in the Euro or Aud, side-lines, not sure, anyway a bullish Sterling holds support at, 1.5773 and should hit 1.5914 before noon, Thursday 20th, est.

Levels below 1.5773, first level of support at 1.5718 if Sterling continues to fall look for support at, 1.5684, lowest point should be 1.5632.

Euro, HIGH volume fundamental release, 2:00 A.M. est..Thursday....

Sterling, MEDIUM volume fundamental release, 4:30 A.M. est...Thursday, furthermore this release is Retail Sales numbers, well lets just say you don't want to miss this release, even though it's rated "MEDIUM"....

Thank you for your time and have a great day..

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Sterling trending to test 1.6000, Euro will test 1.4000

Well finally a good bullish week, Sterling testing 1.5850 Friday morning at 10:15 A.M. est. was a good sign that the bulls are in for a long-term move.  Technically the trend is heading into alot of resistance, on the longer time frames of the trading platform we are approaching the higher number moving averages and like the 200 moving average.  So we have a bull Sterling, bullish counter-trend volume in progress.  The Euro is in the same condition technically...  Technically the Euro has less resistance.

Going into this week of the 17th, we have a High volume fundamental release 4:30 A.M. est. Tuesday for Sterling, if the Greenbacks fundamentals continue to be weak, which is likely, Sterling will be testing 1.6000, natural resistance should be expected triple zero's (quarter point theory as well).... 
A bullish Sterling finds support above 1.5792....  Sterling closed Friday at 1.5806...Look for a bull move 1.5873-1.6000

Euro finds support at 1.3831 for bullish trend, Euro closed Friday at 1.3877, so technically the Euro bull is trending stronger..  Natural resistance at 1.4000 should be expected triple zero's (quarter point theory as well)...Look for a bull move 1.3937-1.3999

Ok, bearish trend volume for Sterling (which I don't see), would be dropping to 1.5742 if Sterling breaks down more it could hit, 1.5711, breaking 1.5700 would mean a drop too 1.5664...

Ok, bearish trend volume for Euro (which again I don't see technically), would be dropping to 1.3766 if that bid price drops it could fall to 1.3725, falling below 1.3700 it may find support at 1.3663..
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Thank you for your time and have a great day...

Sterling & Euro advancing......Greenback fundamentally weak

As of this text being written, Sterling is at 1.5727, hitting 1.5792 this morning.  The Euro is at, 1.3785, ok letts recap because I haven't posted in a week and we have had major fundamental events Friday and today.  First Friday payroll number were poor again bullish day for Sterling and Euro.  The Sterling was at 1.5551 at the release and went up too 1.5644 by 10:30 A.M. Sterling did retrace as most fundamental trades do, too 1.5557 by the close.

Since Sunday, 6th, Sterling open at 1.5555 and has been bullish so fair this week, to Wedensday the 12th fundamentally the FOMC release was the High status, but the Sterling went on a bullish run before the release starting at 12:00 A.M. est. the Sterling was at 1.5565 and by 10:15 A.M. est. it hit, 1.5792!
Greenback fundamentals are weaker, bullish Sterling should continue, Euro also.

Ok, Sterling for Thursday if bullish trend continues it should hit, 1.5845 - 1.5900+  needs to stay or hold a support of 1.5689.  Breaking below 1.5689 it could drop too 1.5594, a weaker support would be 1.5533, weaker than that, 1.5443.

Possible HIGH volume this morning for Euro, (4:00 A.M. est., fundamental release).

Thank you for your time and have a great day...
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basic channel volume-pre-rate decisions!!! for Sterling and Euro!

Sterling and Euro held ground today, major fundamental data in the morning with rate decisions for both... Normal I would say strong volume for both during the session before the release of the decision and you know what, I'm saying it, look for stronger volume, more than likely neither will raise rates, but they should..

Ok, Sterling is still below 1.5500, which is bad, Sterling should be above 1.5800...  If Sterling can't break and hold above 1.5500 with this fundamental data, than look for a bear as low as 1.5365..

Ok, Euro same deal, needs to stay above 1.3375 and hold, if it doesn't look for a bear as low as 1.3200

I could give technical reading for bullish move by both, but I'm not, technically they are bearish, so the only thing that would change the trend is some Hawish talk from the rate decisions, or actual rate increases, which isn't likely but you never know..

OK, OK, lets talk Sterling and Euro bull, if Sterling hits stay above 1.5444 it technically may bull too 1.5523..  The Euro, if it stays above, 1.3328 it technically may bull to 1.3450.. all before the fundamental data is release (rate decisions)..
Trade with the trend.......

Friday is major fundamentally, so we will have to wait, alot of money is on the sidelines waiting.
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Thank you for your time and have a great day.

Recession trend growing...bear!

Yes, Friday is a major fundamental day, and tradionally volume is low or weak before the release, but this is different.  Yes the Sterling and Euro had bull move today earlier in the USD market time, but it's bearing fast.... Bottom line, Sterling has HIGH volume new coming out this morning, and the Euro also, if it's bad, bear is winning, (Greenback) hell it's winning now... Dow will fall.

So what do we have, if the Sterling can't stay above1.5433, dollar strength too 1.5377 maybe as low as 1.5289.... Euro  is in a better condition but not by much, needs too stay above 1.3276 if not 1.3191- 1.3056 it will fall... It's looking like Greenback strength technically, but we have fundamental factors in a few hours...

Remember, trade with the trend, or stay on the sidelines...http://www.speedtrader24.com/

Thank you for your time and have a great day..

Greenback strength continues

Another day for the Greenback, against the Sterling and Euro, the Sterling drop about 150 pips today against the dollar hitting, 1.5419 around 5:00 P.M., most professionals consider that time, Tuesday but for the blog it's still Monday, 3rd... The Euro took a major hit, breaking down to 1.3162, for 220+ pip loss today against the Greenback.  Yes I had the Euro, took a loss of 50 pips today, to much again.

Greenback is very strong the last month and seems to be getting stronger...breaking 1.5500 against the Sterling was big..... We have alot of news this week for the Sterling and Greenback.  Looking at the Dow, the price of gas at the pump, which is dropping, (sounds good but it isn't) the Double Dip, is developing...... So take Greenback profits when available, but I wouldn't sit in, med-term or long-term trades.......

I'll be on the sidelines most of this week waiting for Friday....  Fed is speaking in the morning, volume should rise, for scalping trades, Sterling rate decision is also this week, this may produce high volume.
I maybe alittle early with this information, but better to be early than know to late, The  Real-Deal is this, Sterling breaking below 1.5000!! and holds,  I have been tracking Sterling almost 8 years daily, if that happens, MAJOR BEAR, Sterling, Euro, Dow, all will fall just like 2007-2008...  The Greenback will be a safe-haven...  If it's like 2007-2008 and you follow the bear trend, Greenback bullish against the Sterling and Euro, you will make alot of Money!(during a major recession)....www.createspace.com/3597011

As I'm writing this blog, Sterlings at: 1.5430-- so we will track...

Thank you for your time and have a great day....

Bearish tone going into the first week of October....

Well, the market opens 6:00 P.M., Sunday....Sterling closed friday at: 1.5589 which is bearish, and the Euro closed: 1.3394, which is very bearish. Oh by the way I had 1 Sterling  at 1.5590, not really trading Friday, I had to take a loss on that trade of 150 pips to close the week... Yes poor trade on my part, I had a profit on Thurday and should had taken it... It's very important to keep your losses low in this market 10 to 15 pips, I don't care how big your account size is... Beware of Ego.... It happens.... Follow or Trade with the trend, or don't trade... stay in the NOW, while trading....

The first week of the month, YES!, so what's up!, Friday......., volume maybe low this week, everyone will be waiting for friday...Best to be smart and wait, or trade, in super scalp mode...USD.. maybe strong this week before Friday....www.createspace.com/3597011

Has anyone notice the price of gas or the Oil in the USA, it's been going down, I went by a gas station and saw gas at $3.23, that's low!, Our Oil barrels in the market are around $80.00, that's too low, it must be Gov't, regulation or something, in London, their around, $110-100 a barrel...., If prices are going to be regulated, and continue, to go down, the Dow continues to fall, the Sterling falls, We will be heading towards the "Double Dip"...... Unemployment will raise.....  Where will the  MONEY flow??, I know, but lets wait and see..., October will be a serious month in the Financial World.......

Oh, how Dovish, we are........it's a shame....http://www.speedtrader24.com/

Thank you for your time and have a great day......